Some grey areas in ICC-2009
Some aspects of the much-improvised 2009 version of the Institute Cargo Clauses are still open to interpretation
Marine cargo insurance
Marine cargo insurance
Marine cargo insurance
Maritime perils under ICC-C
Losses under maritime perils of ICC-C could hover between different perils and finally end with one
Marine cargo insurance
Three interests – A marine story
Responsibilities of a shipper, shipping line and cargo insurer differ even for the same voyage– begin and end at different points
Marine cargo insurance
General exclusions under ICC-A 2009
General exclusions under ICC-A present an interesting history, as they mainly draw from the Marine Insurance Act, 1906.
Marine cargo insurance
New Jason clause
Relevance of the New Jason clause in Bills of Lading/charter parties
Marine cargo insurance
Are we missing the basics of marine cargo insurance?
Whatever be the bespoke wordings included in a policy, certain fundamental requisites need to be there without which these wordings would be meaningless
Marine cargo insurance
Ex-works sale with Sellers’ Interest
Is Seller’s Interest clause relevant when sale is on ‘ex-works’ basis?
Marine cargo insurance
Labels clause- Simple? Not really
Labels clause is a common feature in most marine cargo policies these days. Different versions of the clause are in vogue but the essence of this clause is as under: ‘ Should there be a loss/damage to the labels on the insured subject-matter during transit, insurer’s liability will be limited to the cost of new